Wednesday 11 October 2017 by Asmita Kulkarni Company updates

zipMoney - performing well

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

We have provided a research report on zipMoney 2017-1 Trust Class B notes. 

zipMoney 2017-1 Trust Class B notes are performing with the range of our expectations. The transaction balance at the September 2017 reporting date was $122.5m, up from $112.0m in the previous month, compared to the total pool limit of $260m. We expect the transaction to continue performing due to a diversified receivables pool as well as the backing of a strong servicer. 

The report is available here.External link - opens in a new window 

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